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're traveling. >> kelly: president obama aboard air force one right now on his way back to washington. but it could be too late. a look at the new taxes you could be paying by next week. >> clayton: oh, goody. thanks. >> juliet: merry christmas. >> clayton: what makes a mate a perfect 10? never mind looks or personality. the new trait everyone is asking about, your credit score. what's your fica? >> "fox & friends" hour two starts right now. >> juliet: that's kind of creepy >> clayton: it is a good question to be asking if you think about it. now with credit being so tight, if you think you're going to get married and may want to buy a house, if you both got bad credit -- >> juliet: do you meet somebody and immediately start asking, what kind of car do you drive? >> kelly: are you an 800? >> clayton: it says something about your ability to save and how smart you are with money. >> juliet: not necessarily. credit gets wrecked because of divorces and other crazy things. >> clayton: the debate to come up. let us know what you think. >> juliet: there are lots of caveats, people. we start
very much, sir. all right, you're looking live at honolulu where president obama will be president obama will be deadlock. but i it's something he said to john boehner leaving any room for compromise? if politicians don't take us over the cliff, will the unions? what the they're planning this k in from boston to houston threatening to strike you in the wallet. eric: read the headlines and they say that president is giving up his vacation takes toe a fiscal cliff deal, but is there any room for negotiation? let's talk about it a little bit. >> the president is heading back to washington to attempt a last-ditch effort with speaker boehner to forge some compromise to avert a fiscal cliff which will kick in in six days if nothing isone done. those are the headlines are we talking about is cutting his vacation short in tha and that l well and good. is there anything that can be done because they really seem to be at an impasse before christmms, the republicans in the houseors, imploded and a ve, very tight spot and i suspect if there is to be a deal it'll be a pretty on powering one fo
is right about the problem facing republicans right now, right, which is that the incentives for each individual member of the house of representatives, everybody republican member, are in a sense to oppose president obama as strongly as possible because most of them represent safe seats where the biggest danger is a primary challenge from the right. but the incentive for the party as a whole is the legislative landscape is tilted very strongly against republicans right now, taxes are going to go up in some sense no matter what and for the long-term future of the party, it's probably better to retreat and find new ground if fight on. so much you have those sort of duelling imperatives at work. >> thank you both and we'll see what happens on monday. >> more breaking news coming up. a rare case of lawmakers over on the senate side actually getting something done, something that the hard-hit survivors of hurricane sandy are counting on. >> and the people who got the job of going after unethical lawmakers and bipartisan efforts to eliminate those watch dogs. keeping them honest. >>> more
it is not all that rare. kelly? kelly: jamie, thanks. right now president obama is cutting his vacation short to head back to washington and jump-start the fiscal cliff negotiations with congress. talks fell apart before christmas. the deadline now is just days away and there is no deal in sight to avoid the tax hikes and spending cuts set to go into effect january 1st. our juan williams is a fox news political analyst and he joins us today and very quickly, juan, merry christmas to you. >> merry christmas, kelly. kelly: this is daunting task facing congress to avert the so-called fiscal cliff that will set into motion more than $600 billion in drastic and draconian allic tax hikes and spending cuts. that will cause a lot of pain for all americans and does congress have enough time to act on this? >> they do. you know it will be very close and it may in fact go beyond the deadline per se although people are thinking at the moment it is possible to get something done by the end of this week. the key here, kelly, is the senate. we have been so focused on the house, speaker boehner, plan. about,
himself reelected. then we have massive spending, $8 trillion in debt that obama's running up the next decade. republicans have several tools. right now we have very well leverage in the debate over the fiscal cliff because that stuff happens automatically but the idea of a debt ceiling increase, they've told obama if you want a trillion dollars in higher debt and he needs that eight times in the next decade, you have to cut spending a trillion dollars. >> here, i'll ask you again. 0 i'm a republican congressman and i signed your tax pledge to not raise taxes. if someone says here's a bill that says if you sign this we will cut taxes for 98% of americans. how could you say no? my point is, the administration is winning the war of optics. if they played it out this way, do they not win? >> well, they've won the war of optics so far because everything's been done in camera. it's been done inside closed walls. if c-span and fox and -- were able to videotape the negotiations, the kind of thing we're learning now about how obama said i have no interesting in cutting spending, he's been lyin
the government, democrats and liberals, obama, or anybody who has the right to decide when another american is wealthy? in the constitution, it is said that we have the ability to pursue life, liberty, and the pursuit of happiness. all this bickering is restricting and punishing achievement. i make next to nothing because of my past. i did my time. i do not care what they do. personally, i hope nothing happens, because i know the game. right before the deadline hits, they will pass something. i have been watching this for enough years to see that they will pass it. it will pass something because they have to play this game. host: charles from maryland, thank you for the call. trawls brings up a rebel. he will be on meat -- "meet the press" this morning. the highlight will be president obama on nbc's "meet the press." on abc this morning, senator chuck schumer. along with jon kyl of arizona. on cbs, dick durbin and tom coburn, the republican from oklahoma. fox news this morning, on fox news sunday, senator lindsey graham, the republican from south carolina, on what senator dianne feinstein,
was running out to pass gun control laws. hillary clinton, barack obama, said it was an individual right. 75% of the american people thought it was an individual right. 95% of the politicians, including those liberal politicians thought it was. other than getting rid of the d.c. law and then the chicago la law what difference did it make? >> guest: well, that's interesting to me that's a surprise because a lot of gun control advdvates said, after the decision -- after both those decisions, probably the tsunami i think was the word that was used -- of challenges to gun control regulations. well there have been some, but certainly not been a tidal wave of them and they haven't mostlied anded. here in the district, they passed -- decided on a new set of regulations that still ban assault weapons, and make it necessary you have to learn -- show you know how to use a gun and can store it safely and register it and so on. but -- and there is a challenge to that i don't think has been resolved yet. >> host: there have been at least a couple hundred lind suis across the country, and lind sus move s
down on tv, the bad debate fumbles. let me imitate president obama and won. >> exactly. >> you are right. you know what, he is never been a good debater. there was nothing terribly bad about that. >> it was bad. >> listen, i want you all to look back on youtube at mccain oba obama. he wasn't that good. >> he wasn't a five star recruit in the previous debates. but in that one, he got cut. that was bad. >> it made the campaign that much more interesting because it changed the dynamics. >> but it changed. >> the number three. fumble. >> so, mr. president, how do you handle promises that you have made when you are running for election and how do you handle it? i mean what do you say to people? do you just you know i know, people -- i thought make it was an excuse. what do you mean shout ut up? >> just the weirdness of that moment. >> if you expect a comment on that. >> i'm out. >> love it. >> i'm out. >> i was in the hall that night, i was sitting there going what is he talking about. >> me too. >> this is another thing. hollywood legends are always bad at giving speeches. >> they
spending, $8 trillion in debt that obama's running up the next decade. republicans have several tools. right now we have very well leverage in the debate over the fiscal cliff because that stuff happens automatically but the idea of a debt ceiling increase, they've told oba if you want a trillion dollar in higher debt and he needs that eight times in the next decade, you have to cut spending a trillion dollars. >> here, i'll ask you again. 0 i'm a republican congressman and i signed your tax pledge to not raise taxes. if someone says here's a bill that says if you sign this we will cut taxes for 98% of americans. how could youay no? my point is, the administration is winning the war of optics. if they played it out this way, do they not win? >> well, they've won the war of optics so far because everything's been done in camera. it's been done inside closed walls. if c-span and fox and -- were able to videotape the negotiations, the kind of thing we're learning nowbout how obama said i have no interesting in cutting spending, he's been lying for two mons about his negotiationing positi
in because they're worried about stricter gun control laws and that is a boon for sales right now. president obama cutting short his hawaiian vacation and will be in washington tomorrow. dennis: congress also set to return to d c tomorrow perhaps mounted what everyone hopes will be a last-ditch offered to stave off the fiscal cliff. peter barnes joins us from the belt way. peter: here's what the official spokespeople for all the leaders are saying about this this morning. from the white house, quote, we will let you know if we had any updates. from senate democratic leader harry reid, quote, nothing to report. no conversations with republicans yet. said republican leader mitch mcconnell, quote, no our reach for many democrats. we talk to the speaker's office all the time and always do but the house passed legislation and we are waiting on senate democrats. house speaker john boehner, quote, nothing new and from democratic leader of the house nancy pelosi, her spokesperson saying, quote, i don't know anything right now. as of now the cliff remains clearly in sight. if nothing is done on janua
with that. >> alice, you say you believe president obama and democratic congressional leaders prefer to go over the cliff so they can raise taxes, cut defense spending and blame the gop but republicans have the option of locking in tax cuts for most americans right now. >> to further that note, sure, i think the president wants to do this because as you said he can increase taxes, continue cuts on the military and point the finger at the republicans. the truth of the matter is we need to have serious spending cuts. this is not an issue that will be resolved with taxing either way. we need to address serious spending issue swres in the country. the truth is boehner and house republicans pointed out the house issued legislation that would extend the current tax -- the bush-era tax cuts and erase military cuts. it is in the senate's hands and they need to act on that. something that came up this afternoon that is critical and a reminder in the entire scenario. secretary geithner issued a letter today warning the country we are going to hit the debt ceiling on new year's eve. this is a stark r
they have that "right" ntken away. >> reporter: the white house said after the newtown shooting atic president obama supports a ban on assault weapons proposed by california democratic senator dianne feinstein. getting it through congress quickly is highly unlikely, but the mere mention of a ban is enough to send sales soaring. and it's not just guns. brownell's, the world's largest firearm supplier, said it morently sold more than three- and-a-half years worth of a.r.- ag magazines in three days. even before newtown, sales of guns and ammunition this year were surging. chb.i. background checks of intential gun buyers were up 31% 20 november 2012 over 2011. in a report issued prior to newtown, the market research rack ibis world, which tracks the gun industry, found gun venthusiasts are working dermselves into a frenzy over what another four years under the obama administration may hold for gun laws." an instructor at nova firearms re falls church, virginia, where hey nearly sold out of a.r.-15s and high-capacity magazines after newtown. so, ironically, this shooting is a.spiring mor
. most wealthy people agree with that. >> let me bring alice in here. you say you believe president obama and leaders prefer to go over the cliff so they can raise taxes and blame the gop, but. >> rob:s do have the option of locking in tax cuts for most americans right now. >> i think the president does want to do that because as you said he can increase taxes, continue cuts on the military and point the finger at. >> rob:s. but the truth of the matter is we need to have serious spending cuts. this is not an issue that is going to be resolved with taxes right away. the house has issued legislation that would extend the tax cuts and also erase military cuts. and it's in the senate's hands and they need to act on that. but something else that came up, it's critical and a reminder in this scenario, secretary geithner issued a letter today warning the country that we are going to hit the debt ceiling on new year's eve. this is just a stark reminder that we have out of control spending in this country and congress needs to wake up and smell the coffee that the spending needs to be addressed fi
hike. it is one of the biggest tax hikes we have ever had in the history of the country. gregg: right. and the hard place? >> yeah. the hard place is the negotiations. you think about it. reid and pelosi and boehner and obama all trying to come to an agreement? that seems almost impossible, doesn't it, when you know all of them? gregg: how do you close the tax gap? >> yeah. right now you can not do it. so the tax gap, at least in my opinion, would be the deficit. it's over a trillion dollars. if we raise everyone today, that pays the top tax rate, 35%, if we taxed them at 100% on all the money that they currently pay 35% on, and remember, i'm assuming that nobody changes their behavior. they still work just as hard even though they pay 100% tax, we would only raise $360 billion in this coming year. and that would still leave an $800 billion deficit. we can not tax away the deficit. gregg: sure we can. we can do the value-added tax. >> well, and that's what worries me. if we don't cut spending, spending right now, the federal government is the largest it has ever been as a share of our
movement has ever been a hard right nation. the republican party is tilted right and i think if romney beats obama then it will be because he won a lot of dependent -- independent voters who move from party to party and election to election. the tea party movement is not here to stay but it at least entered the bloodstream. despite the voting behavior of congress. you see for example the ryan budget and both in 2011 in 2012 when it came up for a boat, all of these republicans who previously voted against it, now vote for it. if they failed them before they will be primary by someone who gets to the right and in fact one of people i read about in the book is a moderate republican named emerson from missouri. she voted against a couple of things and the voting behavior was not right-wing. so that sort of behavior strikes fears in the hearts of a lot of legislators. >> infective governor romney loses the response from the tea party will be i told you so. [inaudible] >> do you see the same level of gridlock and what do you see coming down the line? >> bias in the idea that there are a lot
. >> they could have had a more popular message about cutting deficit spending, right? >> the truth is they would have been a lot better off taking the deal that boehner was negotiating with president obama way back when. it was a better deal all the way around. they missed that moment. but i think the real thing is who pays the price. the people who are going to pay the price are the americans, the middle class. this is crazy. it's nuts to be putting us through this. >> all of the focus on tax cuts. but the revenue from increasing the taxes on the wealthy will barely make a debt in the deficit to say nothing of the trillions in debt we're talking about. is this just a symbolic fight this the president is determined to win off his election? >> it's not symbolic. there will be money raised if the taxes are left to expire. but let me just bring up a point. no democrat and certainly not this president has said there should be no spending cuts. on the contrary this president has put on the table an extraordinary amount of spending cuts to the chagrin of many democrats i might add. are they to the ext
republicans have tilted right and if romney beats obama, it will be because he's one independent voters who move from party to party, election to election. to me the best evidence the tea party movement is not here to stay, that at least entered the bloodstream is that the voting behavior of congressman. for example, the ryan budget, those in 2011 and 2012 when i came up for a vote, republicans who previously voted now go for it. the reason is that they failed to fail to vote for accountability primary by someone who will get to the right. one of the people i write about is a moderate republican in missouri and she voted against a couple of things, her voting behavior is not sufficiently raping i read eric's and who wrote something sane hate tea party, here's a bunch of primary. that behavior strikes into the heart of legislators. >> if governor romney loses, the response will be we told you so. >> ask him exactly. and that the moderates are ready. >> what do you see coming down the line considering the judicial appointment crisis? >> i assumed the idea that there's a lot of unfilled vacanc
's karen travers. >> reporter: president obama had to overcome a well funded opponent, struggling economy and voter doubts that he had the right agenda to turn the nation around. and after a roller coaster season, he got them. mitt romney may have started off at the front runner, but to win the republican nomination, he had to fend off some feisty challengers. >> he's the worst republican in the country to put up against president obama. >> reporter: and overcome some self-inflicted wounds. after 50 primary contests, romney clenched the nomination and it was on to the general election. >> it will be a choice between -- >> two very different paths. >> reporter: their battle focused on the economy. >> we can't afford another four years like the last four years. >> we need more tax cuts for working americans. >> reporter: early on, two key moments changed the subject that helped the president. >> i think same-sex couples should be able to get married. >> the supreme court has upheld that every american buy health insurance. >> reporter: in june, president obama announced a new policy that wo
talk about morality, about god. and even though they will turn around and embrace doing what is right, which is just doublespeak. you are saying the same thing -- even president obama inbox scripture -- invokes scripture. but on the platforms, on things like abortion. if i could make one statement about an earlier caller, that she cannot impose our own beliefs on others. that is ridiculous. we do it all the time. anytime you vote on an issue, such as slavery, would you say i did not believe in slavery but i cannot tell someone else they cannot own slaves? it is just an absurd viewpoint. i feel that, yes, it does and for my leaning toward one party over another. host: that was rich from tennessee. independent caller. switching from republican to independent. here it is the daily call our website what this had lied. -- crapo per "the new york times" story said he registered a blood alcohol content of 0.11%, the legal limit of va is 0.08%. mr. crapo, 61 years old. as a january 1 court date and inside "the new york times" a statement was given by the office. the senator said -- i made a m
children. the move reportedly is in response to human rights violations handed down by president obama earlier this year -- earlier this month rather. putin's new law destroying the dreams of many american families currently in the process of adopting, including this. >> they were already our family. we already had their names. we were already decorating their room. it's really. [crying] >> are you crying? it? >> is so disturbing, this story. 1,000 russian children were adopted by americans last year. children are disabled. not wanted by anybody else in russia. living in orphanages. not available for adoption. a the love these families have gotten really close to the adoption. set everything up and can't go pick up the kids. horrible. anyway, a maryland pizza delivery man fights off a group of attackers. his reward? a demotion. >> he sucker punched me. my glasses flew off. i dropped the pizzas and just dropped it into my hand. and i covered my face and i was swinging like this as hard as i could. five people against one is not a good situation to be in. i thought i was about to die. >>
-enders, here's abc's karen travers. >> reporter: to win a second term, president obama had to overcome a well funded opponent, a struggling economy, and voters' doubts that he had the right agenda to turn the nation around. [ chanting ] >> all: four more years! >> reporter: and after a roller coaster season, he got them. mitt romney may have started off at the frontrunner, but to win the republican nomination, he had to fend off some feisty challengers. >> he's the worst republican in the country to put up against barack obama. >> the odds are very high i'm going to be the nominee. >> reporter: and overcome some self-inflicted wounds. >> i like being able to fire people who provide services to me. >> reporter: after nearly 50 primary contests, romney finally clenched the nomination and it was on to the general election. >> it will be a choice between -- >> two very different paths. >> reporter: their battle focused on the economy. the overwhelming top issue to voters. >> we can't afford another four years like the last four years. >> we need more tax cuts for working americans. >> reporter: e
to go to president obama's inauguration next month? why it will be easier than last time, a lot easier than last time. "fox & friends" hour two starts right now. >> gretchen: good morning, everybody. i'm gretchen carlson with clayton and rick. great to be back with you. >> clayton: did you have a good christmas? >> gretchen: i did. >> clayton: is it going to be a excite one toward the end of the year? all of these people trying to leave the in-laws house. >> rick: we learned the other day that gretchen loves her in-laws. >> gretchen: exactly, because there was a study and the mother-in-law takes the hit. >> rick: there must be a few people who say i can only handle three days of her. i can't go home -- >> gretchen: are you going to help them out. >> rick: you might have to spend four or five days there, get ready. find some way tie a break. there will be really big storms. >> gretchen: let's talk about this morning with an extreme weather alert. deadly storm system that slammed the midwest, snow and tornadoes heading northeast this morning. >> oh, my god, look. that's a tornado. oh, wo
. >> reporter: you know, gregg, this is all in retaliation for a bill that president obama signed earlier this month labeling the russians as human rights violaters and calling for sanctions on the russians. now, this adoption clause is a very small part of a larger bill that was approved, as you said, unanimously by the russian parliament. the bill now goes to president putin to sign. if he signs it -- and he is expected to sign it -- no more russian children will be adopted by americans, including 46 children whose adoptions are already in progress. the national council for adoption calls this a tragedy for russian kids. listen. >> over 700,000 registered orphans in russia right now. um, there were over a thousand adoptions to the united states many 2011 alone. this means potentially the loss at a hope and a future through a loving, permanent family for countless orphans in russia. >> reporter: yeah. and just to add to that, consider that since 1981 nearly 60,000 russian children have been adopted in the u.s., but the russians point to 19 russian kids who have died after being adopted s
is on new year's live stars at 1130 on new year's eve. >> we will be right back. >> is 944 8:00 a.m.. christmas celebrations were cut short for president obama. he plans to leave hawaii tonight to return to washington d.c. on thursday. the president is returning to the white house to work on its fiscal cliff deal before the year inns. without an agreement, automatic tax increase is for everyone and deep spending cuts will be triggered in the new year. the >> the death toll has risen to six from winter storms in the nation's midsection. if this is video automobile, alabama. an enormous storm system that brought snow and sleet to the nation's midsection and tournedos to the deep south is now moving its way toward the northeast. >> we are still tracking pretty good storm sales as you can see here is a live look as storm tracker 4. san for cisco is starting to dry out. we are still seeing pretty good rain coming out towards ever bring and 101. \ evergreen and 101. hayward and union city are also looking at moderate rain showers that are coming through. richmond and certain parts oakla
leaders in six years. that's right. japan has a new prime minister. he's facing some of the same challenges as president obama when it comes to the economy. li. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's practically yours. test drive! but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a jetta. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. [ male announcer ] jill and her mouth have lived a great life. but she has some dental issues she's not happy about. so i introduced jill to crest pro-health for life. selected for people over 50. pro-health for life is a toothpaste that defends against tender, inflamed gums, sensitivity and weak enamel. conditions people over 50 experience. crest pro-health for life. so jill can keep living the good life. crest. life opens up when you do. >>> once again there is a new prime minister in japan. he is shinzo abe, the japanese p
? >> all right, josh. i don't know how i'm going to follow that. >>> but, in their first interview since the election, president and mrs. obama sat down with barbara walters. in this moment from their wide-ranging conversation, the first couple is revealing intimate moments from the campaign trail. >> mr. president, mrs. obama, there's a photograph of that you went viral. became the most-shared photograph in the history of twitter. here it is. when you look at this picture, what do you think? at what point was that? >> i think we were campaigning in iowa. >> why were you hugging her so hard in iowa? >> because i love my wife. >> also, i hadn't seen him in a while. when you're campaigning, we're two ships passing in the night. and the first time i saw him was when i walked onstage to greet him. and that's my honey giving me a hug. >> i like giving you hugs. >> how do you keep the fire going? >> that's a good question. >> you know, we've been married now 20 years. >> uh-huh. >> and like every marriage, i think you have your ups and you have your downs. but if you work through the tough tim
connell and vice president joe biden. that's where all of the action is right now. keeping the speaker of the house john boehner abreast of what's going on. keeping harry reid abreast of what's going on and keeping president obama abreast of what's going on. we heard from senator reid yesterday that they are very far apart. not just talking on the threshold, initially president obama said $250 mi,000. there is talk to bumping that to $400,000. republicans want to know how we pay for it. there are farm subsidies, the doc fix. and spending cuts. so there is a lot to be resolved here in the next few hours. >> too bad we only found out about this, you know, yesterday or the day before. 517 days they've had to work out the details and now we're talking about them all. brianna, we'll be busy today and may be ringing in the new year together. brianna keilar in washington. >>> a ball dropping in washington, a ball dropping in times square it looks like we'll go off the fiscal cliff. here's what it means to you. your paycheck will shrink. the payroll tax holiday is likely going away, for someone making $50,
've all committed verbally to appeal of obama care and it's up to us to hold our nominee's feet to the fire. >> so here's competition. let me put my own doctor hat. if i was prescribing some medicine for you right now, congressman, i would say the situation is looking pretty terminal for your race to be the gop nominee. why don't you do the decent thing and pull out? why are you staying in the race? >> why don't you do the decent thing and not pester me with silly questions like that? i mean that, would be decent of you. >> it wasn't that silly. hang on. the latest gallup poll has you at 9%. >> wait, wait, wait, what you're looking for at delegates and we're doing quite yet. >> let's see how you're doing. mitt military 568 delegates, ron paul 71. >> yeah, okay. what about the states where they're still working through the process, which is most of them, you know, whether, you know, whether it's up in maine. right now we're doing very well in the state of washington. north dakota. excellent, now in nevada. and our people are in the right places and doing the things to become a de
that classification of people, specifically homosexuals and what they want to do, which is get their full rights as any one of us members of society have. that is going to be interesting. going become to the obama clause, the obama healthcare act i thought that was a particularly interesting ruling from the court. i disagree, i think the 10th amendment belongs to the states. i stand aside from my colleague mr. burns on that one. jaime: you're entitled to your opinion, certainly. i want to ask you, take a lock at those two cases and contrast the make up of the court so far and in a second term president obama could aeu.as man appoint as many as two new justices. you probably still have kennedy as a swing. what do you think it will look like? >> it depend who leaves. route bader ginsberg will most likely be the next justice to leave the court. if that happens then ideologically it's a swap in a sense. and what you were getting at jaime, and you're right, what about the next seat that becomes vacant, there will be some type of ideological shift. i can't resist the editorial this it's unfortunate th
to you. >> all right, maria. thank you very much. >>> with just four days left to avoid the fiscal cliff, congressional leaders heading to the white house this afternoon for key talks with president obama. nbc's capitol hill correspondent kelly o'donnell has more. kelly, good morning. >> reporter: good morning, willie. the top two democrats and republicans from the house and senate will sit down with the president middle of the afternoon. but we should tell you that behind the scenes the most senior staffers who have been given the task of negotiating have continued their conversations looking for ways to try to bring a deal together. while the elected officials know they need to be more visible. >> mr. speaker, we ought to be here working, addressing these challenges. >> reporter: under pressure to show up, even if there is no deal to consider, congress will work this holiday weekend. the deadline is so close, outgoing members have already packed up their offices and need to move out while the harsh tone is going nowhere. >> the american people, i don't think understand the house of rep
but desperately needed equipment which we found in chicago and shipped out right away in order to get the past service back up and running. that said there's a great deal to be done. president obama's request for disaster assistance seeks $60.4 billion for recovery and mitigation. department of transportation shared request,$.7 billion and of that $11.7 billion the majority portion directly support the effort to repair and replace the effect of public transit infrastructure and make it more resilience. these funds would be administered through the new public transportation emergency relief program and i want to thank you for your leadership in establishing this program just a few months ago. the administration requested in its budget, you may recall i testified on its behalf before the committee in may of 2011. we are grateful to the senate appropriations committee for responding to the president's request for aid under this program. the support of both committees was timely as the new emergency relief program strengthens the authority to provide financial disaster assistance to transit agenci
moment for the united states economy, if president obama and the congress can't agree on a deal to keep the country from plunging over that fiscal cliff. here's what both sides are considering in a potential deal right now. an increase in tax rates for families making over $450,000 a year. extending unemployment benefits. and an increase in the estate tax. the president seemed hopeful but cautious when he addressed the american people earlier today. >> today, it appears that an agreement to prevent this new year's tax hike is within sight. but it's not done. there are still issues left to resolve. but we're hopeful that congress can get it done. but it's not done. >> let's get straight to our chief white house correspondent jessi jessica yellin. she's over at the white house with the very latest. the president seems pretty optimistic that it's within a few hours we could have a deal, right? >> reporter: wolf, the people i just spoke to here say they are no more or less optimistic than they were this morning. which is to say they are not cueing the confetti just yet. senator mitch mcconn
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